Post by rakhifizry33 on May 15, 2024 21:38:51 GMT -7
Accounts xxx Accounts receivable xxx Example of Uncollectible Receivables Journal Questions Example of direct method PT. Bulan sold products worth IDR to Andi on July . collection efforts on December PT. Bulan realized that Andi could not pay the receivables. Therefore PT. Bulan decided to record the loss on the receivable using the direct method. The following are the adjusting journal entries Information Debit Credit Uncollectible Accounts Expense Accounts Receivable Andi Then on March Andis receivables amounting to turned out to be recoverable.
So the accountant needs to rerecord the receivables Sierra Leone Email List that have been written off and record the cash receipts from receivable payments as follows Information Debit Credit Accounts Receivable Andi Uncollectible Accounts Expense Cash Accounts Receivable Andi Example of allowance method PT. Makmur operates in the construction business and has a number of receivables from various ongoing projects. At the end of the financial year they want to estimate the losses on accounts receivable that could occur.
After conducting the analysis they estimated that around of their total receivables amounting to IDR would potentially be uncollectible in the future. Therefore they make an estimate of the loss and record it as an allowance for possible losses on accounts receivable as follows Information Debit Credit Uncollectible Accounts Expense Allowance for Doubtful Accounts Then During the Following Year One of the projects namely Project A experienced problems and was unable to pay their receivables to PT Prosperous Rp.
So the accountant needs to rerecord the receivables Sierra Leone Email List that have been written off and record the cash receipts from receivable payments as follows Information Debit Credit Accounts Receivable Andi Uncollectible Accounts Expense Cash Accounts Receivable Andi Example of allowance method PT. Makmur operates in the construction business and has a number of receivables from various ongoing projects. At the end of the financial year they want to estimate the losses on accounts receivable that could occur.
After conducting the analysis they estimated that around of their total receivables amounting to IDR would potentially be uncollectible in the future. Therefore they make an estimate of the loss and record it as an allowance for possible losses on accounts receivable as follows Information Debit Credit Uncollectible Accounts Expense Allowance for Doubtful Accounts Then During the Following Year One of the projects namely Project A experienced problems and was unable to pay their receivables to PT Prosperous Rp.